PhoebeRoberts
Level 11
Level 11

Annette Nellen opines that real estate taxes on investment property (property held for the production of income) deductible under IRC 212 go on Line 6, which excludes them from the $10K SALT limitation. Cite is IRC 164(b)(6). Comments from other preparers recommend disclosure on Form 8275.

View solution in original post

0 Cheers